Correlation
The correlation between ESS and EWZ is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
ESS vs. EWZ
Compare and contrast key facts about Essex Property Trust, Inc. (ESS) and iShares MSCI Brazil ETF (EWZ).
EWZ is a passively managed fund by iShares that tracks the performance of the MSCI Brazil 25/50 Index. It was launched on Jul 10, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ESS or EWZ.
Performance
ESS vs. EWZ - Performance Comparison
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Key characteristics
ESS:
0.34
EWZ:
-0.10
ESS:
0.48
EWZ:
-0.11
ESS:
1.06
EWZ:
0.99
ESS:
0.23
EWZ:
-0.09
ESS:
0.87
EWZ:
-0.41
ESS:
6.40%
EWZ:
12.01%
ESS:
24.34%
EWZ:
25.08%
ESS:
-62.67%
EWZ:
-77.25%
ESS:
-15.94%
EWZ:
-42.51%
Returns By Period
In the year-to-date period, ESS achieves a -3.97% return, which is significantly lower than EWZ's 22.83% return. Over the past 10 years, ESS has outperformed EWZ with an annualized return of 5.38%, while EWZ has yielded a comparatively lower 3.16% annualized return.
ESS
-3.97%
-2.75%
-10.29%
8.11%
2.22%
6.32%
5.38%
EWZ
22.83%
5.09%
5.16%
-2.47%
0.84%
10.00%
3.16%
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Risk-Adjusted Performance
ESS vs. EWZ — Risk-Adjusted Performance Rank
ESS
EWZ
ESS vs. EWZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Essex Property Trust, Inc. (ESS) and iShares MSCI Brazil ETF (EWZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
ESS vs. EWZ - Dividend Comparison
ESS's dividend yield for the trailing twelve months is around 3.68%, less than EWZ's 7.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESS Essex Property Trust, Inc. | 3.68% | 2.57% | 3.73% | 4.15% | 2.37% | 3.50% | 2.59% | 3.03% | 2.90% | 2.75% | 2.41% | 2.47% |
EWZ iShares MSCI Brazil ETF | 7.26% | 8.91% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.08% | 3.78% |
Drawdowns
ESS vs. EWZ - Drawdown Comparison
The maximum ESS drawdown since its inception was -62.67%, smaller than the maximum EWZ drawdown of -77.25%. Use the drawdown chart below to compare losses from any high point for ESS and EWZ.
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Volatility
ESS vs. EWZ - Volatility Comparison
Essex Property Trust, Inc. (ESS) has a higher volatility of 7.24% compared to iShares MSCI Brazil ETF (EWZ) at 6.22%. This indicates that ESS's price experiences larger fluctuations and is considered to be riskier than EWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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